Yellow Brick Road Wealth Management is currently pursuing a "range of direct and online market opportunities" including acquisitions in wealth management and direct personal lending.
Yellow Brick Road Wealth Management (YBRWM) issued a strategy update to investors via the ASX yesterday afternoon ahead of the release of the company's annual result, which is due in the last week of August.
In the update, Yellow Brick Road executive chairman Mark Bouris cited the recent tightening of the rules around property investment lending – as well as out-of-cycle interest rate increases by the big banks.
"We have been building our company strategy around such a shift in the market – albeit the shift has come earlier than we expected," Mr Bouris said.
The update also highlights that YBRWM has broken even for the 2015-16 financial year, delivering on a previous commitment to investors.
The company has also foreshadowed a number of initiatives in the coming financial year that will "reinforce [YBRWM's] business model".
YBRWM will launch a mortgage securitisation program in the second quarter of 2015-16; the company will treble its marketing spend in the coming financial year; and YBRWM will enter the mortgage life insurance space, according to the update.
The company has also announced its plans to pursue a number of direct and online market opportunities.
YBRWM is "aspiring" to create a direct consumer and SME business in lending and wealth. The company is also weighing up 'buy versus build' options for a number of technology platforms.
Acquisition opportunities are also being considered in the direct personal lending and wealth management sectors, said YBRWM.